Grayscale #ethereum Trust’s NAV Discount Diminishes to 2021 Levels
About a week ago, Grayscale’s Ethereum Trust (ETHE) was trading at a 23.78% discount to NAV. A discount to NAV occurs when the market price of a closed-end fund or exchange-traded product (ETP) is lower than its net asset value per share. Essentially, the NAV is the per-share value of the fund’s assets minus its liabilities, divided by the total number of shares outstanding.
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